Micron Technology, Inc. (MU) Shares up 3.83%: Is it Good Time to Buy?

The Micron Technology, Inc. (NASDAQ:MU) is going up by 3.83% in today’s trading session, a rise equivalent to 1.67% of the stock’s price from yesterday’s market close. A news came out on 08/16/19 stating that In the Lingo of a Trade War, Tariffs Are Just So 80s by BARRONS. The lowest point that the shares touched during the trading session was $42.55, while the peak of the day was recorded at a share price of $43.875. MU finished the previous session at $43.55 according to the data provided by Barchart, while the trading volume was observed to be $13,059,038.

In the 100 days of trading, MU managed to top a 40.07% Moving average. Additionally, Micron Technology, Inc. shares have achieved a 52-week range between 28.39 and 53.68 alongside 100 days raw stochastic set at 78.80%.

The number of shares outstanding, according to the fundamentals of the company, is set at 1.11B, equal to the value of $48.12B in market capitalization. Financial analysts indicate that MU shares should be still ranked as a “Outperform”. In the last 30 days, Micron Technology, Inc. shares went down by -7.21%, adding 48.70 to growth in value, on top of a +11.03% boost since 07/19/19.

Micron Technology, Inc. (NASDAQ:MU) Analyst’s Estimates

Micron Technology, Inc. (MU) could record at least $0.47 per share in quarterly earnings in the upcoming report on 09/19/2019, a number that would actually represent a decrease of -59.34% YOY.

According to the average analyst rating, Micron Technology, Inc. would be rated as 2.45. Out of 33 different analysts monitoring MU stock, 5 analysts rate the stock as a BUY, 12 suggest to give the rating of HOLD, 13 indicate that MU is an OUTPERFORM, 2 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERPERFORM.

On Jul-30-19, the stock earned a Upgrade rating due to a new analyst call from Morgan Stanley, while analysts from Deutsche Bank believe that the stock is set at Buy, as concluded on Jul-24-19. Goldman, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Jul-22-19.

Needham, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jun-26-19, giving the stock a Buy from the Hold rating.

MU Key Ratios To Watch:

Taking in account the profitability of the Company, gross profit margin of +58.87% has been attained, while the operating margin has been recorded at +49.15%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 35.92%. Beta value of the stock is recorded at 1.94. Additionally, Micron Technology, Inc. is recording price volatility of 3.75% for the period of the last seven days and 3.57% in the last 30 days.

Micron Technology, Inc. (NASDAQ:MU) Technical Outlook

For the period of the last 50 days, Micron Technology, Inc. had its Raw Stochastic average set at 78.80% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 56.13%. Stochastic %K for Micron Technology, Inc., with the last 20 days included, was set at 37.00%, having Stochastic %D topping 29.11%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Micron Technology, Inc. stocks with recording -8.30% in metrics.

Micron Technology, Inc. Insider Watch:

As far as the position of shares issued by Micron Technology, Inc. (NASDAQ:MU) for the period concluded at the market close of 08/16/19, 364 institutional investors increased their positions in MU shares by 93,890,534, 510 decreased positions by 96,550,037 and 131 institutional investors decided to hold positions at 675,007,182. These numbers put the complete list of institutional holdings set at 865,447,753 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 96 institutional investments with 18,434,741 new shares in addition to having 120 institutional investors selling their positions in 12,685,372 shares.

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The company is specialized on the investments in tech sphere. Its specialists are interested in stocks that have been undervalued by different reasons. They are trying to find them, count their potential and bring them to their clients.